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Foster MLS® Listings
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Building Info
Foster - 559 Foster Avenue, Coquitlam, BC V3L 2L5, 4 levels, 54 units, estimated completion in winter 2012, crossing roads: Aspen Street and Foster Avenue. Welcome to Foster - MOSAIC's Georgian-inspired apartment homes in west Coquitlam's Cottonwood Park neighborhood. Foster is a two building condominium project with 161 strata titled homes at 545, 557 & 559 Foster Avenue.
The distinguished 1, 2- & 3-bedroom homes are inspired by the classic charm of Georgian-style row houses. The striking architecture impresses with the lasting appeal of traditional red brick exteriors and black metalwork windows. Two beautifully landscaped courtyards and gardens provide a reprieve from the pace of the city. Contemporary interior design boasts 9' ceilings, oversized windows, loop piled carpets, engineered laminate wood floors, glass tile backsplashes, Whirlpool stainless steel appliances, Whirlpool front-loading washer and dryer, pendant light fixtures, and the spa inspired bathrooms with Toto toilets, porcelain tile floors and walls, deep soaker tub, Grohe faucets and fixtures.
The MOSAIC Foster condos are located just across from Cottonwood Park, just one block away from the planned Evergreen Skytrain Line and minutes to both Lougheed Mall and to the SFU Campus. Also Foster is close to IKEA, Coquitlam Centre, Vancouver Golf Club, Shes Fit Centre, Steve Nash Fitness World, the Cameron Recreation Complex, Regional Park, Como Lake and major transit routes such as Bus 151 and 097 and Lougheed Town Centre Station. The schools surrounding FOSTER condos include Rob Stibbs Elementary, Banting Middle School, Port Moody Secondary and Coquitlam College.
The RE/MAX® brand delivers notable advantages – for agents with a RE/MAX brokerage
As the 2024 RE/MAX vs. The Industry report shows, RE/MAX agents are the most productive, meaning they close more transaction sides than other real estate agents, on average. In fact, RE/MAX agents closed an average of 11.8 transaction sides throughout 2023, nearly double that of the competition
But productivity isn’t the only place RE/MAX shines. The annual report, which ranks the results of national, full-service brokerage brands in the U.S., also highlights that the balloon-backed brand dominated in unaided brand awareness at 36.4%.
Canadian mortgage payments went from virtually nothing to very high
Canadian mortgage payments went from virtually nothing to the highest level in well over a decade, inflicting pain on mortgage borrowers. However, the value of homes also surged. In fact, from the rate cuts that sent home prices surging in March 2020 to the end of 2023, the growth rate of home prices outpaced the increase in the average mortgage payment on file at Equifax. This was true in most of Canada’s largest cities, especially in Eastern Canada where the average household’s payment significantly lagged home price growth.
Canadian Home Values Climbed Faster Than Mortgage Payments
B.C. housing market showing signs of marginal improvement
B.C.’s housing market saw a slight improvement in March as home sales nudged higher following a 5.9-per-cent decline in February. Sales increased 0.7 per cent to reach 5,866 unit sales. Home prices rose 1.8 per cent. This said, housing momentum has waned in the last few months as buyer sentiment shifted amid interest rate uncertainty.
MLS home sales increased in most of the province’s real estate board areas. The Greater Vancouver area saw home sales increase by 1.4 per cent following a decline in the previous month. In Chilliwack, home sales increased only slightly—by just 0.5 per cent—while the Kootenays reported a 17.2-per-cent increase. Home sales also rose 9.4 per cent on Vancouver Island, and were unchanged in the Fraser Valley. However, the Okanagan-Mainline and South Okanagan areas recorded sales declines of 8.9 per cent and 19 per cent, respectively.
Lethbridge industrial market strengthens as options limited
Western Canada’s industrial markets are at an inflection point as demand normalizes and the pause that hit new construction last year begins to make itself felt.
Conservative market sentiment is now creating the conditions for stronger performance in 2024, Avison Young reports, with cities like Lethbridge poised to see a landlord’s market for industrial space.
Lethbridge reported a 4.1 per cent vacancy rate in the first quarter, up from 4 per cent at the end of 2023. But space under construction is down more than half from last year to 50,000 square feet, creating potential supply constraints.
That change will have significant implications for cottage owners. Many have seen the value of their properties skyrocket in recent years, which could cause them to kick the tires and sell before the higher tax rules kick in.
* Overheight 9' ceilings. * Framed home entry with custom carved decorative side panel. * MOSAIC-designed tiled threshold with custom granite inset. * Engineered laminate wood flooring throughout living, dining, and kitchen (two colour options). * Loop pile carpeting in bedrooms and dens. * MOSAIC-designed millwork work centers (select homes). * Whirlpool front-loading washer and dryer. * Reinforced TV walls pre-wired with CAT5 wiring. * Kendall track light with satin nickel finish in main living areas. * Juno recessed pot lighting throughout. * Acritec integral white bathroom sink and countertop. * MOSAIC-designed Greenlam vanity with built-in wall shelving niche (most homes). * Nustone 12" x 24" porcelain floor tile in bathrooms. * Grohe single lever faucet in polished chrome. * MOSAIC-designed custom soaker tub. * Grohe shower heads and tub set in polished chrome. * White glazed 12" x 24" porcelain tile bathroom tub and shower surround. * MOSAIC-designed tiled niche in baths and showers. * Water efficient Toto Aquia II dual-flush toilets. * Pendant light fixture in polished chrome and white glass. * Galaxy recessed in-shower pot light. * Polished composite stone countertop. * Blanco undermount 20 gauge stainless steel, double bowl sink. * Grohe pull-down faucet in polished chrome. * Greenlam and lacquer cabinetry with square edge pulls in polished chrome. * MOSAIC-designed integral exposed shelving system. * Soft-touch doors and drawers. * Glass tile kitchen backsplash. * Whirlpool Energy Star stainless steel 19.7cu.ft. fridge with bottom freezer. * Whirlpool Energy Star stainless steel dishwasher with integrated controls. * Whirlpool Energy Star stainless steel, extra-large capacity 30" range. * Stainless steel range hood fan (select homes). * Whirlpool stainless steel 30" microwave with stainless steel trim kit (select homes). * 10W G4 halogen under-cabinet puck lighting.
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